Update on Broader Markets and the Energy Sector
The FTSE 100 Index (EWU) fell 2.2%, while the CAC 40 Index (EWQ) rose 2% in the last five trading sessions. The allocations of the equity indexes mentioned above to the energy sector are listed below:
- The S&P 500 Index – 6%–7%
- The S&P 400 Mid-Cap Index – 3–4%
- The Dow Jones Industrial Average Index – 6%–7%
- The CAC 40 Index – over 10%
- The FTSE 100 Index – over 10%
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On September 8–15, 2017, the Financial Select Sector SPDR ETF (XLF) rose 2.8%. It was the largest gainer among the sector-based SPDR ETFs. The Energy Select Sector SPDR ETF (XLE) rose 2.2% and was the second-largest gainer on our list of SPDR ETFs. The Utilities Select Sector SPDR ETF (XLU) fell 1.1% and was the largest loser on our list of SPDR ETFs during this period.
Energy subsector ETFs
The price performances of major energy subsector ETFs on September 8–15, 2017 are listed below:
- The VanEck Vectors Oil Services ETF (OIH) rose 7%.
- The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 6.5%.
- The Alerian MLP ETF (AMLP) rose 1.4%.
In the previous part, we discussed XLE’s price performance. Crude oil is an important driver for these energy subsector ETFs.